The Semiconductor Production Equipment Market is growing rapidly. The market increase attributes to rapid industrialization and economic growth worldwide. Besides, vast technological advances in telemetry solutions and semiconductor products drive the development of the market. The information and communications industries have a massive demand for semiconductor production equipment. These equipment offer higher performance chips delivered from equipment suppliers.
Moreover, rising usages of chips in plug-in electric vehicles, smart meters, solar panels, wind turbines, and sensors, escalate market growth. According to Market Research Future (MRFR), the global semiconductor production equipment market is expected to reach approximately USD 63 BN by 2023, growing at 7% CAGR during the forecast period (2017-2023). The proliferation of additive manufacturing (AM) or additive layer manufacturing method, 3D printing, and computer-controlled processes boost the market growth.
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Semiconductor Production Equipment Market – Competitive Landscape
Highly competitive, the global semiconductor production equipment market appears fragmented due to the presence of many players. To gain a larger competitive advantage, players incorporate strategic initiatives such as mergers & acquisitions, expansion, collaboration, and product/ technology launch.
These players invest substantially to transform the consumer and business landscape. Also, industry players make substantial R&D investments in developing the product and
technology. To widen their reach t customers, they offer discount offers, such as the end of season sale offerings.
Players leading the semiconductor production equipment market include Micron Technology Inc. (US), Qualcomm Technologies, Inc. (US), Intel Corporation (US), AlsilMaterial (US), Applied Materials Inc. (US), Atecom Technology Co., Ltd (Taiwan), LAM RESEARCH Corporation (US), Tokyo Electron Limited (Japan), KLA-Tencor Corporation (US), Teradyne Inc. (US), Screen Holdings Co., Ltd (Japan), Samsung Group (South Korea), and ASML Holdings NV (Netherlands), among others.
Semiconductor products have transformed the process of generation, distribution, and consumption of energy. Additive manufacturing allows the transformation of the supply chain from production of parts manufactured by subtractive methods, to higher performance, innovative designs that enable agile supply chains to adopt Industry 4.0 principles. Additionally, increasing investments to develop new metal alloys designs and technologies
Increasing uptake of GaAs technology in Field Effect Transistors (FET) and integrated circuits (ICs) for high velocity and high electric field applications pushes the growth of the market. On the other hand, the high manufacturing cost of semiconductor production equipment is a significant factor projected to impede market growth. Nevertheless, growing usages of semiconductor equipment in power amplifiers for transmitting high-speed signals, ultra-high radio frequency, and fast electronic switching applications would support the market growth throughout the forecast period.
Semiconductor Production Equipment Market – Segments
The report is segmented into four dynamics;
By Equipment Type: Front-End Equipment, Backend Equipment, and others.
By-Products: Dicing Machine, Probing Machines, Sliced Wafer Demounting, Cleaning Machine, Wafer Edge Grinding Machine, Polish Grinders, and others.
By Dimension: 2D, 5D, 3D, and others.
By Regions: North America, Europe, APAC and the Rest-of-the-World.
Global Semiconductor Production Equipment Market – Regional Analysis
North America dominates the global semiconductor production equipment market. The market growth attributes to the due to the presence of notable industry players producing the chips and technological advances required to manufacture semiconductor products. Besides, the proliferation of semiconductor production equipment in the region drives the growth of the market.
Moreover, the rising usages of photovoltaic, optoelectronic, and wireless communication devices boost the demand in the semiconductor manufacturing equipment market. The North American semiconductor production equipment market is projected to retain its dominance throughout the estimated period.
Europe is another lucrative market for semiconductor production equipment. The market growth is driven by the spurring growth in the solar cells, automotive, electronics, and aerospace & defense sectors. Additionally, the need for a safe, reliable, and clean energy source in various countries influences the regional market’s growth, driving the solar cell industry. Germany and the UK are well-established semiconductor production equipment markets in the region. The European semiconductor production equipment market is expected to witness rapid growth in the upcoming period.
The semiconductor production equipment market in the Asia Pacific demonstrates steady growth. Factors such as the rising numbers of smartphone users and the increasing demand for technological advances in gadgets such as computers, laptops, and smartphones foster regional market growth. Besides, the proliferating electronics sector in the region creates substantial market demand. Moreover, rising government support and funding by industry players promote the usages of semiconductor production equipment.
China, Japan, South Korea, and India have emerged as key markets for semiconductor production equipment in the region, growing at an impressive CAGR. Companies in the APAC take an interest in producing semiconductor production equipment to meet the changing customer demand. Cumulatively, these factors drive the growth of the regional market. The APAC semiconductor production equipment market is expected to demonstrate moderate growth during the forecast period.
Industry/ Innovation/Related News
August 05, 2020 —- Lam Research Corporation (the US), a leading semiconductor product company, announced signing a strategic agreement with a US-based metal additive manufacturing (AM) solution provider – VELO3D Inc. (the US) to use metal AM applications for the production of semiconductor capital equipment.
The joint development agreement includes collaboration on novel materials and designs in metal additive manufacturing (AM)/3D printing applications for the semiconductor sector. LAM also plans to increase the volume of parts produced by AM over the next five years.
Lam Research engages in the design, manufacture, marketing, and service of semiconductor processing equipment used to fabricate integrated circuits. It leverages additive manufacturing as a driver of the innovation that enables its customers to build faster, robust, and more power-efficient electronic devices for everyday use.
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